Youth A Multicriteria Approach for the Evaluation of the Sustainability of Re-use of Historic Buildings in Venice

The paper presents a multiple criteria model for the evaluation of the sustainability of projects for the economic re-use of historical buildings in Venice. The model utilises the relevant parameters for the appraisal of sustainability, aggregated into three macroindicators: intrinsic sustainability, context sustainability and economic-financial feasibility. The model has been calibrated by a panel of experts and tested on two reuse hypothesis of the Old Arsenal in Venice.multiple criteria valuation, economic reuse, historical building conservation

A Multicriteria Approach for the Evaluation of the Sustainability of Re-use of Historic Buildings in Venice

The paper presents a multiple criteria model for the evaluation of the sustainability of projects for the economic re-use of historical buildings in Venice. The model utilises the relevant parameters for the appraisal of sustainability, aggregated into three macro-indicators: intrinsic sustainability, context sustainability and economic-financial feasibility. The model has been calibrated by a panel of experts and tested on two reuse hypotheses of the Old Arsenal in Venice. The tests have proven the model to be a useful support in the early stages of evaluation of re-use projects, where economic improvements are to be combined with conservation, as it supports the identification of critical points and the selection of projects, thus providing not only a check-list of variables to be considered, but an appraisal of trade-offs between economic uses and requirements of conservation.Economic Reuse, Historical Building Conservation

Multiple Attribute Strategic Weight Manipulation With Minimum Cost in a Group Decision Making Context With Interval Attribute Weights Information

Abstract—In multiple attribute decision making (MADM), strategic weight manipulation is understood as a deliberate manipulation of attribute weight setting to achieve a desired ranking of alternatives. In this paper, we study the strategic weight manipulation in a group decision making (GDM) context with interval attribute weight information. In GDM, the revision of the decision makers’ original attribute weight information implies a cost. Driven by a desire to minimize the cost, we propose the minimum cost strategic weight manipulation model, which is achieved via optimization approach, with the mixed 0-1 linear programming model being proved appropriate in this context. Meanwhile, some desired properties to manipulate a strategic attribute weight based on the ranking range under interval attribute weight information are proposed. Finally, numerical analysis and simulation experiments are provided with a twofold aim: 1) to verify the validity of the proposed models and 2) to show the effects of interval attribute weights information and the unit cost, respectively, on the cost to manipulate strategic weights in the MADM in a group decision context.This work was supported in part by National Science Foundation of China under Grant 71571124, Grant 71871149, and Grant 71601133; in part by Sichuan University under Grant sksyl201705 and Grant 2018hhs-58; and in part by FEDER Funds under Grant TIN2016- 75850-R

Operational Risk Management using a Fuzzy Logic Inference System

Operational Risk (OR) results from endogenous and exogenous risk factors, as diverse and complex to assess as human resources and technology, which may not be properly measured using traditional quantitative approaches. Engineering has faced the same challenges when designing practical solutions to complex multifactor and non-linear systems where human reasoning, expert knowledge or imprecise information are valuable inputs. One of the solutions provided by engineering is a Fuzzy Logic Inference System (FLIS). Despite the goal of the FLIS model for OR is its assessment, it is not an end in itself. The choice of a FLIS results in a convenient and sound use of qualitative and quantitative inputs, capable of effectively articulating risk management's identification, assessment, monitoring and mitigation stages. Different from traditional approaches, the proposed model allows evaluating mitigation efforts ex-ante, thus avoiding concealed OR sources from system complexity build-up and optimizing risk management resources. Furthermore, because the model contrasts effective with expected OR data, it is able to constantly validate its outcome, recognize environment shifts and issue warning signals.Operational Risk, Fuzzy Logic, Risk Management Classification JEL:G32, C63, D80

Multi-Stakeholder Consensus Decision-Making Framework Based on Trust and Risk

Indiana University-Purdue University Indianapolis (IUPUI)This thesis combines human and machine intelligence for consensus decision-making, and it contains four interrelated research areas. Before presenting the four research areas, this thesis presents a literature review on decision-making using two criteria: trust and risk. The analysis involves studying the individual and the multi-stakeholder decision-making. Also, it explores the relationship between trust and risk to provide insight on how to apply them when making any decision. This thesis presents a grouping procedure of the existing trust-based multi-stakeholder decision-making schemes by considering the group decision-making process and models. In the first research area, this thesis presents the foundation of building multi-stakeholder consensus decision-making (MSCDM). This thesis describes trust-based multi-stakeholder decision-making for water allocation to help the participants select a solution that comes from the best model. Several criteria are involved when deciding on a solution such as trust, damage, and benefit. This thesis considers Jain's fairness index as an indicator of reaching balance or equality for the stakeholder's needs. The preferred scenario is when having a high trust, low damages and high benefits. The worst scenario involves having low trust, high damage, and low benefit. The model is dynamic by adapting to the changes over time. The decision to select is the solution that is fair for almost everyone. In the second research area, this thesis presents a MSCDM, which is a generic framework that coordinates the decision-making rounds among stakeholders based on their influence toward each other, as represented by the trust relationship among them. This thesis describes the MSCDM framework that helps to find a decision the stakeholders can agree upon. Reaching a consensus decision might require several rounds where stakeholders negotiate by rating each other. This thesis presents the results of implementing MSCDM and evaluates the effect of trust on the consensus achievement and the reduction in the number of rounds needed to reach the final decision. This thesis presents Rating Convergence in the implemented MSCDM framework, and such convergence is a result of changes in the stakeholders' rating behavior in each round. This thesis evaluates the effect of trust on the rating changes by measuring the distance of the choices made by the stakeholders. Trust is useful in decreasing the distances. In the third research area, this thesis presents Rating Convergence in the implemented MSCDM framework, and such convergence is a result of changes in stakeholders' rating behavior in each round. This thesis evaluates the effect of trust on the rating changes by measuring the perturbation in the rating matrix. Trust is useful in increasing the rating matrix perturbation. Such perturbation helps to decrease the number of rounds. Therefore, trust helps to increase the speed of agreeing upon the same decision through the influence. In the fourth research area, this thesis presents Rating Aggregation operators in the implemented MSCDM framework. This thesis addresses the need for aggregating the stakeholders' ratings while they negotiate on the round of decisions to compute the consensus achievement. This thesis presents four aggregation operators: weighted sum (WS), weighted product (WP), weighted product similarity measure (WPSM), and weighted exponent similarity measure (WESM). This thesis studies the performance of those aggregation operators in terms of consensus achievement and the number of rounds needed. The consensus threshold controls the performance of these operators. The contribution of this thesis lays the foundation for developing a framework for MSCDM that facilitates reaching the consensus decision by accounting for the stakeholders' influences toward one another. Trust represents the influence

A fuzzy hierarchical multiple criteria group decision support system - Decider - and its applications

Decider is a Fuzzy Hierarchical Multiple Criteria Group Decision Support System (FHMC-GDSS) designed for dealing with subjective, in particular linguistic, information and objective information simultaneously to support group decision making particularly on evaluation. In this chapter, the fuzzy aggregation decision model, functions and structure of Decider are introduced. The ideas to resolve decision and evaluation problems we have faced in the development and application of Decider are presented. Two real applications of the Decider system are briefly illustrated. Finally, we discuss our further research in this area. © 2011 Springer-Verlag Berlin Heidelberg

Handling a large number of preferences in a multi-level decision-making process

The complexity of a decision is related to the number of persons that are involved, as well as to the diversity of their preferences based on their knowledge, experience or area of expertise. Consequently, it is a challenge to adequately handle a large number of heterogeneous preferences considering that all the participants are considered to be an important source of information to make better motivated decisions. Addressing this challenge constitutes the main motivation in this dissertation because these days decision makers seem to be increasingly interested in the opinions (or preferences) given by persons around a community (and sometimes around the world) through different sources including social media channels. This PhD study provides a set of tools that helps a decision maker to make better motivated decisions by a proper handling of a large number of preferences, identifying and evaluating relevant preferences and handling multiple perspectives. Herein, by 'preference' is meant a greater interest expressed by an individual for a particular alternative over others; by 'relevant' is meant a variety of preferences which are significant (or important) to a particular person acting as a decision maker; and by 'perspective' is understood a position (e.g., social, technical, financial or environmental) adopted by a decision maker when expressing his/ her preferences or constraints

Aggregation functions based on penalties

This article studies a large class of averaging aggregation functions based on minimizing a distance from the vector of inputs, or equivalently, minimizing a penalty imposed for deviations of individual inputs from the aggregated value. We provide a systematization of various types of penalty based aggregation functions, and show how many special cases arise as the result. We show how new aggregation functions can be constructed either analytically or numerically and provide many examples. We establish connection with the maximum likelihood principle, and present tools for averaging experimental noisy data with distinct noise distributions.<br /